Understanding ARMOUR Residential REIT's Ex-Dividend Date

ARMOUR Residential REIT ARR declared a dividend payable on July 29, 2021 to its shareholders as of June 24, 2021. It was also announced that shareholders of ARMOUR Residential REIT's stock as of July 15, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for ARMOUR Residential REIT will be on July 14, 2021. The company's current dividend payout is at $0.1. That equates to a dividend yield of 10.49% at current price levels.

The Significance Of An Ex-Dividend Date

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

ARMOUR Residential REIT's Dividend Payouts And Yields

Over the past year, ARMOUR Residential REIT has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on March 12, 2021 the company's payout was $0.1, which has returned to its value today. ARMOUR Residential REIT's dividend yield last year was 9.87%, which has since grown by 0.62%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on ARMOUR Residential REIT's previous dividends.